Power · NSE: NTPC
Intrynsic's multi-model valuation estimates NTPC Limited's fair value at ₹367 per share (range ₹130–₹374) against a market price of ₹347 - a gap of +5.8% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹347
close of 24 Jul 2026
Est. fair value
₹367
₹130–₹374
Gap
+5.8%
price vs estimate
Trading close to our estimated fair value (+6% gap). Assumptions and per-model workings are below.
NTPC is India's largest power generator, running mostly coal plants under regulated returns while building a large renewables pipeline. The government owns a majority stake.
Power · Power Generation
Over the last 3 years, revenue grew 2.1%/yr and profit grew 17.2%/yr.
Every ₹100 of shareholder money earned ₹13.6 in profit last year, vs a sector median of 10.1%.
Debt is 1.33x shareholder equity and 4.2x yearly operating earnings — a heavy load.
The market price is close to our estimated fair value (based on stated assumptions).
About ₹41 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values NTPC Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹130 | -63% | - |
| EV/EBITDAIndustry Comparison Method | ₹367 | +6% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹374 | +8% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 40.6% a year for the next decade - versus 9.0% historical revenue growth.
| Revenue | ₹1,87,385 Cr | |
| Net profit | ₹27,546 Cr | |
| EPS | ₹27.9 | |
| Free cash flow | ₹6,852 Cr | |
| ROE (latest) | 13.6% | |
| Revenue growth (CAGR) | 9.6% | |
| Profit growth (CAGR) | 11.1% |
Intrynsic's multi-model valuation estimates NTPC Limited's fair value at ₹367 per share (range ₹130–₹374), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
NTPC Limited trades at ₹347 against Intrynsic's estimated fair value of ₹367 - the market price is 6% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
NTPC Limited trades at about 12.4 times its latest annual earnings per share.
NTPC is India's largest power generator, running mostly coal plants under regulated returns while building a large renewables pipeline. The government owns a majority stake.
Intrynsic runs 3 valuation models for NTPC Limited (DCF, EV/EBITDA, EV/EBIT) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy